Seven different ITR forms were notified in April last year, so it is expected that the tax department will soon make ...

As the financial year 2024-25 comes to an end, it’s time to file your Income Tax Return (ITR). Choosing the correct ITR form is crucial to avoid mistakes and legal complications. Among the commonly ...

Adding further, many senior citizens mistakenly assume that filing returns isn't necessary if tax is already deducted at ...

Selecting the incorrect Income Tax Return (ITR) form can result in incomplete reporting of information, potentially leading ...

Two of the most commonly used ones — ITR-1 (Sahaj) and ITR-4 (Sugam) — are designed for ease but come with distinct eligibility rules. You’re a non-resident or company director Your ...

Out of these taxpayers, those whose income is between ₹ 1-5 crore is a whopping 3.89 lakh, while those with income between ₹ ...

ITR Filing: Taxpayers are eagerly waiting to know when they can file their Income Tax Returns (ITRs) for the assessment year ...

Taxpayers who receive salaries together with all other citizens can start preparing income tax returns for the previous ...

The Income Tax Department has recently released an upgraded version of the Excel-based utility for filing ITR-2. It is specially designed for individuals and Hindu Undivided Families (HUFs) who do not ...

Learn about the ITR-B Form for undisclosed income after search or seizure. Get to know the purpose, applicability, and filing instructions in this guide.

When we collate the overall data including companies, firms, HUFs, trusts, association of persons, government bodies and local authorities, total number of tax filers who filed over ₹one crore ...